Dropping insurance participation is a decision that causes many doctors to have some anxiety. The tendency can be to rush things because you’re ticked off, or to avoid doing it out of fear of patient attrition.
The good news is that unlike buying a practice or building a new facility, dropping insurance is a reversible decision. You can always go back. But if you’re strategic about it, there are few things you can do to add more independence and more to your bottom line.
In part 2 of our conversation with Bill Rossi, we discuss what you can expect regarding timeline, attrition and increases in your income. We also get into how to involve your staff and how to message the insurance changes to your patients.
Bill is the country’s leading expert on PPO decisions and transitions. PPO decisions must be made in the context of the practice’s realities. Bill has over 35 years of experience in advising dental practices. For the past 20 years, he has helped many dentists strategically and safely cut back on their PPO participation. This has added substantially to their bottom lines and their practice independence.
Questions answered on this episode:
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Long in the Tooth is hosted by Randon Jenson & Marie Chatterley of CTC Associates. It was founded by Bob Brooks, CBI, CEPA of Practice Endeavors.
Whether you're a seasoned dental professional planning your next big move or just beginning to explore the possibilities of buying or selling a dental practice, you've come to the right place. Our blog is designed to provide valuable insights, expert advice, and the latest industry trends to help you navigate the complexities of dental practice transitions. With decades of experience serving Colorado, Utah, New Mexico, Idaho, Wyoming, Washington, Alaska, and Hawaii, we are your trusted partners in building successful dental careers. Explore our articles and discover how we can support your journey toward achieving your professional goals.
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